One of the big surprises to come out of blogging was not the realization that I could one day leave my full-time job in finance. That epiphany came when I received an advertising request on my iPhone while chilling at a bar on top of Santorini in the Fall of 2011.
The biggest surprise about blogging is its ability to be a dynamic resume to allow people to pivot into a new career!
One of the big reasons why I wanted to get out of the investment banking industry was because there was a loosening correlation between performance and reward. One would work harder, generate more revenue, and get paid less! That’s demoralizing. Ever since I left the banking world in 2012, there’s been report after report about how XYZ bank is downsizing its departments. I’ve also heard from old colleagues how their compensation continues to get squeezed.
Meanwhile, the consumption of online content continues to explode! Sites like Buzzfeed and Upworthy have come out of nowhere with mega valuations based on aggressive funding. Meanwhile, every week a new blogger is quitting his/her job to blog full-time. I’m bullish on blogging for the next 10 years, and I just wish I started Financial Samurai in 2003 when my father first suggested the idea instead of dilly dallying until 2009.
Financial Samurai now generates enough to put food on the table, without having to aggressively sell anything, work in an office, or report to anyone. It is a dream come true, and every day I thank my lucky stars.
What I’ve discovered is that to grow your revenue online, you’ve got to make educated guesses about the future. Read More